WEEKLY: Brazilian iron ore shipments down to 34-week low

The iron ore shipments globally from Brazil hit its 34-week low of 4.7 million tonnes over December 2-8, or down for the third week by another 1.3 million tonnes or 21.6% on week, Mysteel’s latest weekly survey showed, while supply from Australia to worldwide went up by 12.6% or 1.9 million tonnes.

Among the Brazilian iron ore, Vale shipped 4.2 million tonnes, which was at its 26-week low since June 16, down another 909,000 tonnes or 17.8% on week, as the company conducted scheduled maintenance on its berths at Tubarão and Ponta da Madeira Terminal ports, Mysteel Global understands. CSN, another Brazilian